Hi guys
I just wanted to ask a quick question, i've had search about first mortgage payments before, but i wanted to see if i could get a definitive answer.
I'm in the early stages of the housing process (offer accepted, solictors doing there thing, mortgage application accepted with Nationwide)
I know one of the confusing things i've found is information about the first mortgage payment.
Due to the way i get paid my mortgage payment date will be the 15th of each month.
Am i right in thinking, i need to get my completion date as close to my payment as possible so i don't incur much interest on my first payment?
Thanks in advance for any answers and advice
I just wanted to ask a quick question, i've had search about first mortgage payments before, but i wanted to see if i could get a definitive answer.
I'm in the early stages of the housing process (offer accepted, solictors doing there thing, mortgage application accepted with Nationwide)
I know one of the confusing things i've found is information about the first mortgage payment.
Due to the way i get paid my mortgage payment date will be the 15th of each month.
Am i right in thinking, i need to get my completion date as close to my payment as possible so i don't incur much interest on my first payment?
Thanks in advance for any answers and advice